COLORADO FINE ARTS ASSOCIATION

EIN: 270325446 501(c)(3) Arts, Culture & Humanities

BROOMFIELD, CO

Total Revenue
$111,512
Total Expenses
$76,359
Total Assets
$212,131
Net Assets
$212,131
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
CO
Principal Officer
Ajay Chankramath
Tax Period
2020-01-01 to 2020-12-31

COLORADO FINE ARTS ASSOCIATION, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $112K in total revenue in fiscal year 2020. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $35K, a strong 32% operating margin.

Mission

Colorado Fine Arts Association CFAA is a Non-Profit Group Dedicated to Promoting Fine Arts originated in the Indian Sub-continent in the State of Colorado. Our Mission is to: Make rare fine arts available to everyone in the State of Colorado FREE of cost or at nominal rates. Celebrate artists and art through regular concerts performances in the areas of music dance drama and ballet. Provide consistent exposure to music dance and other art forms by providing a venue for the community to participate and for professionals to perform. Present pre-eminent artists in the fields of fine arts from the Indian Sub-continent as well as other places in the United States. Provide opportunities for artists local to Colorado and United States. Explore the evolving genre of East-West fusion music and dance forms.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $94,970
Program Service Revenue $16,107
Investment Income $435
Other Revenue $0
TOTAL REVENUE $111,512

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,000
Program Expenses $74,359
Other Expenses $4,854
TOTAL EXPENSES $76,359

Year-over-Year Comparison

2020 2019 Change
Revenue $111,512 $147,265 -0.2%
Expenses $76,359 $122,368 -0.4%
Net Income $35,153 $24,897 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ajay Chankramath Executive Director 10.00
Director
$0 $0 $0
Mani Prakash Director Treasurer 1.00
Director
$0 $0 $0
Sivapramod Kuppa Director 1.00
Director
$0 $0 $0
Sriram Ganesh Director 1.00
Director
$0 $0 $0
Chaitanya Bhaskara Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2020 $111,512 $76,359 $212,131 $35,153
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